Foundation For Knowledge District Or-1 in Palmyra, Nebraska (NE)
Table of contents:
| Foundation For Knowledge District Or-1 | |
| Employer Identification Number (EIN) | 470816342 |
| Name of Organization | Foundation For Knowledge District Or-1 |
| In Care of Name | James L Penterman |
| Address | 425 F St, Palmyra, NE 68418-4140 |
| Subsection | Educational Organization |
| Ruling Date | 05/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $313,444 |
| Amount of Income | $78,026 |
| Form 990 Revenue Amount | $27,182 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $78,026 (it was $47,046 in 2012)
| This organization: | $78,026 |
| Other organizations performing similar types of work: | $68,292 |
Assets in 2013: $313,444 (it was $274,920 in 2012)
| This organization: | $313,444 |
| Other organizations performing similar types of work: | $56,708 |
Expenses in 2013: $7,570
| Foundation For Knowledge District Or-1: | $7,570 |
| Other organizations performing similar types of work: | $47,239 |
Income to expenses ratio in 2013: 10.3
| This organization: | 10.3 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2013: 66.0%
| This organization: | 66.0% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $5,794 | $16,635 | $27,182 |
| Contributions, gifts, grants, and similar amounts received | $11,704 | $8,045 | $17,950 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $12,575 | $12,903 | $12,854 |
| Gain/Loss from sale of assets other than inventory | $-18,985 | $-4,438 | $-4,711 |
| Gross amount from sale of assets other than inventory | $9,711 | $21,309 | $41,720 |
| Less: cost or other basis and sales expenses | $28,696 | $25,747 | $46,431 |
| Net income/loss from gaming and fundraising events | $500 | $125 | $1,089 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $3,478 | $4,789 | $5,502 |
| Less: direct expenses from gaming and fundraising events | $2,978 | $4,664 | $4,413 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $21,391 | $20,922 | $7,570 |
| Total net assets | $258,806 | $261,820 | $305,844 |
| Excess/Deficit for the year | $-15,597 | $-4,287 | $19,612 |
| Net assets or fund balances at beginning of year | $254,752 | $258,806 | $261,820 |
| Other changes in net assets or fund balances | $19,651 | $7,301 | $24,412 |
| Net assets or fund balances at end of year | $261,820 | $305,844 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $272,806 | $274,920 | $313,444 |
| Total liabilities | $14,000 | $13,100 | $7,600 |
| Net assets or fund balances | $258,806 | $261,820 | $305,844 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $89,574 |
| Subtotal Support | $95,398 |
| Gifts, grants, contributions, and membership fees received | $95,398 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $5,824 |
| Total Support | $104,377 |
| Public Support | $95,398 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $8,979 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $13,769 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The University Of Arkansas Fort Smith Foundation Inc | PO BOX 3649, Fort Smith, AR 72913-3649 | AR | 1975-01 | $25,316,256 |
| 2 | Rsf Social Investment Fund Inc | 1002 Oreilly Ave, San Francisco, CA 94129-5257 | CA | 2000-12 | $4,721,971 |
| 3 | The Elizabeth Bowers Zambia Education Fund | Po Box 294, Salem, OR 97308-0294 | OR | 2007-03 | $49,547 |
| 4 | Robert J & Elva M Hirn Jt Tr | 1919 Douglas St 2nd Fl, Omaha, NE 68102-1310 | NE | 2010-04 | $1,139,615 |
| 5 | Montessori Foundation | 12344 Pacific St, Omaha, NE 68154-3514 | NE | 1981-10 | $296,454 |
| 6 | Millard South Athletic Booster Club Inc | 12100 W Center Rd Ste 518, Omaha, NE 68144-3960 | NE | 1996-08 | $101,042 |
| 7 | Foundation For Knowledge District Or-1 | 425 F St, Palmyra, NE 68418-4140 | NE | 1999-05 | $78,026 |
| 8 | Millard West Hs Band Boosters | 5710 S 176th Ave, Omaha, NE 68135 | NE | 1999-11 | $46,351 |
| 9 | Phi Rho Sigma Alumni Association Eta | 9111 Farnam St, Omaha, NE 68114-3949 | NE | 2010-04 | $30,156 |
| 10 | Jessie Greise Do It Right Foundation | 16135 Spring St, Omaha, NE 68130-2031 | NE | 2007-01 | $17,237 |
| 11 | Orchard Educational Foundation | Po Box 261, Orchard, NE 68764 | NE | 2004-02 | $125 |
| 12 | Bennington Booster Club | 11620 N 156th St, Bennington, NE 68007-5401 | NE | 2008-02 | $0 |
| 13 | Columbus Booster Foundation Inc | 2403 Saint Andrews Dr, Columbus, NE 68601-1887 | NE | 2003-02 | $0 |
| 14 | Eisenhower Elementary Parent And Teacher Organization | 3900 West A Street, North Platte, NE 69101 | NE | 2012-08 | $0 |
| 15 | Life Wise A Helping Heart For Life | PO BOX 158, Hampton, NE 68843 | NE | 2012-06 | $0 |
| 16 | Mongolian Scholars Fund Inc | 2 Rolling Hills Road, Kearney, NE 68845 | NE | 2014-07 | $0 |
| 17 | Oakland-Craig Public Schools Foundation | 309 No Davis Ave, Oakland, NE 68045 | NE | 2011-08 | $0 |
| 18 | Simple Foundation | 3220 Farnam St Apt 2517, Omaha, NE 68131-3516 | NE | 2015-04 | $0 |
| 19 | Tommy Craft Memorial Inc | 6821 S 81st Street, Ralston, NE 68127 | NE | 2002-06 | $0 |
| 20 | York Public Schools Fine Arts Booster Club | 214 S Delaware Ave, York, NE 68467 | NE | 2001-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,586 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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